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Search Results 0 to 23 of about 24 (some duplicates have been removed)
to watch the fiscal cliff. trading action has resolvolved around this. ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expec
cliff or fiscal curve. it can end flirtations with fiscal suicide. that the lawrence o'donnell. read my work at wonkblog.com. "the ed show" is up next. >>> good evening, americans. welcome to "the ed show" from new york. republicans say they're laughing at president obama's fiscal cliff offer. i'll show you how they're really crying. this is "the ed show." let's get to work. >> there are no shortage of pens in the white house. and i carry one around for an emergency just in case, waiting for a chance to use it to sign this bill so people's taxes don't go up. >> the adult in the room continues his campaign to cut taxes for the middle class, and john boehner keeps shooting spit balls. >> it was not a serious proposal. >> tonight the latest on the stalemate and the democrats' upper hand. mitch mcconnell gets downright ridiculous with his demands to weaken medicare. one of the architects of obama care dr. zeke emanuel responds tonight. >>> house republicans pass an immigration bill democrats say is divisive and inferior. today, congressman javier on why the latino community won't be fooled.
.30 is really more about general positive risk appetite on the back of optimism about the fiscal cliff. so that are probably be more of the driver. if we see more news suggesting that maybe something will be done by christmas, perhaps we can advance some more. the dollar still very much negative currency. >> what about the vote we're expecting out of germany with regards to greece, how important is this one? >> it's important, but fairly clear that it will pass. i don't think anybody has any incentive to block it. i think much more of a problem for greece is whether they'll manage that bond buy back. because it's not in the bank's interests at the moment. and there's a problem definitely in achieving the 30 billion required. >> it would certainly seem that it would help support the risk taking we've seen, but even though we're seeing the greek banks react negatively to the news and people wondering what it means if some of the private sector holdouts from the last time around, pension funds and the banks, have to take more losses. >> there isn't a lot of incentives for the greek banks to p
we are on the fiscal cliff. it's another day of fiscal cliff turns on wall street. >> yes, it is. welcome back. i'm bill griffeth. we're going to get to those wild statements out of washington in a minute. you can see when they happen when we show you today's chart. speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also trading higher today. last i checked, it was up 21 points. there it is at 3,013. that's about the high for the session. the s&p is up about seven points at 1416. >> a bit of a roller coaster ride today after fiscal cliff comments from both parties. >> eamon javers on capitol hill is following the drama, which changes moment by moment. >> absolutely, bill. it's been a bit of a roller coaster ride, as you say, on capitol hill with duelling press conferences today. follow along with me here on what each person said from each party and how that impacted the market, starting with speaker john boehner. here's what he had to say early in the day. >> despite
on the economy specifically right how giving the looming fiscal cliff. so i suggest -- or i imagine they will discuss that, as well. but do we expect anything larger to come out of this? the white house is managing expectations saying there is really no agenda for this luncheon. it's really to bury the hatchet and to allow the country to move on, as well. >> right now, though, we do know treasury secretary tim geithner as we were telling everyone was on the hill, these marathon meetings with congressional leaders. what more do we know about those meetings? obviously starting off with some of the harder ones at first bhak through nancy pelosi as his last. >> we know the treasury secretary will be heading to the hill with rob nabors. he will be meeting with all of these congressional leaders separately. starting off -- or including house speaker john boehner. of course boehner will be key to moving the needle on these fiscal cliff negotiations. this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone
. the fiscal cliff headline after headline continues to be in the forefront and on everybody's mind that this is what we are seeing, a decent market and the u.s. dollar being weaker today has been a factor in the strength we are seeing as well. connell: treasury secretary tim geithner meeting with congressional leaders and doing so as we speak. dagen: peter barnes live from capitol hill. peter: treasury secretary tim geithner arriving at our or so ago to hold meetings with top congressional leaders. senate democratic leader harry reid, now he is meeting with house speaker john boehner, that meeting just getting underway, after that meeting with senate republican leader mitch mcconnell and house democratic leader nancy pelosi and with the president and republicans on raising taxes republicans are trying to shift the focus to spending cuts and entitlement reform. >> i hope when tim geithner comes to capitol hill that he will put forward something concrete. so far all we got out of the administration are these demands for higher taxes, they're willing to discuss what is driving federal
are our troops dying and yet we just seem to go on and on talking about the fiscal cliff? well, i know that's important. mr. speaker, it is time for congress to realize that we are having young men and women to die in afghanistan for a failed policy that will not change one thing. mr. speaker, before closing, i make reference to this poster of a young american in a casket being carried by his colleagues to be buried. please, american people, put pressure on congress to bring our troops home now and not wait until december, 2014. i ask god to please bless our men and women in uniform, to please bless the loved ones who lost those in iraq and afghanistan. please, god, help get our troops home now and not later. i yield back. the speaker pro tempore: the chair recognizing the gentleman from oregon, mr. blumenauer, for five minutes. mr. blumenauer: mr. speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of fiscal restra
-span. tonight, and look at the white house and congress and how they are addressing the so-called fiscal cliff. first, president obama speaks in pennsylvania, followed by john boehner responded to the president from capitol hill. then eric cantor response of the lighthouse deficit reduction package. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented t
and the business roundtable, a big business lobbying group. this morning fiscal cliff negotiations appear to be at a stand still. treasury secretary tim geithner says the president's offer is unwavering. we're going to let tax rates go up for top earners and republicans will have to work with that reality. >> there is no responsible way we can govern this country with those low rates in place for future generations. those rates are going to have to go up. >> house speaker john boehner appears to be struggling now that the president and democrats are negotiating for a position of power. talking points memo points out republicans are used to getting 70% to 75% of what they ask for in these types of negotiations but now speaker boehner is going on and on about how he's shocked and amazed at president's plan and is refusing to offer a counter plan on the republican side. you want to talk about this or anything else, join us online at current.com/stephaniemiller. we'll see you with more after the break. kind of guys who do like rev
on the fiscal cliff. did you watch that news conference yesterday? was it any different than the last one or the one in fr the la from the last two years? telling everyone again up to 250 you get the tax break? all the same stuff.the last two? telling everyone again up to 250 you get the tax break? all the same stuff.last two yea? telling everyone again up to 250 you get the tax break? all the same stuff. same tone, same people. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place. one if the public trying to get them behind you. the other is whether you're actually saying to the people you're negotiating with. and when you saw the signal, it was like, okay, maybe they'll get to that
the fiscal cliff. this included chris van hollen. also, senators mark warner and bob corker, a republican from tennessee. this is one hour. >> good morning. i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that face our nation today, particularly at the intersection of business and government. today's discussion on the fiscal cliff clearly meets that. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty, who is currently president and ceo of the financial services roundtable. moderating our discussion today is al hunt. we always love having al over here. he really pu
are willing to advocate for what is right. i want to talk about that today. i want to -- fiscal cliff, the last time i use that term, because it's not that, but there are serious fiscal issues we should address. i want to talk about a few things we should not be discussing and don't need to talk about and one is social security. social security does not contribute to the deficit. it's not expiring. there's no reason we have to deal with social security right now. it is one of those things that some people who never liked social security, by the way, called it socialism even, want a change and has been wanting to change for decades, so they create this imagery of crisis coming at the end of the year, then what they are trying to do is say, well, we got to change social security because of the so-called fiscal cliff, although it's not really a cliff. so this is something that really shouldn't be on the table. i want to encourage folks to really discuss and get the facts, mr. speaker, because social security is solvent through 2037. doesn't need to be fixed -- does it need to be fixed? y
: on the subject of the fiscal cliff, john boehner declares a stalemate. this is the headline in an article from politico. the major sticking points remain the same, congressional democrats want to raise taxes on the highest income earners while keeping the current lower tax rates in place for the middle class. republicans want to extend tax breaks at all levels. good morning and welcome to "washington journal." we are going to be talking about the fiscal cliff, the statements the house speaker made about being a stalemate and what the president said during his trip to a toy factory in pennsylvania. here are the numbers. you can also reach out to us by e-mail and twitter and facebook, all of the social media as. on twitter the addresses @cspanwj, facebook.com/cspan. more from the article by jake sherman with the headline " fiscal cliff." he writes -- let's go to the phones. the first call comes from debbie in flint, mich. on the line for democrats. caller: i think they need to pass a law that these guys did not get paid. if i go to work and did not do my job, they will not pay me. they have not
tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real problem is the republican
right now. >>> our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> there's, of course, no deal. >> of course! is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! but the ongoing talks. >> there aren't even very many talks going on. >> you're killing us! give us something. >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! >>> good morning. it's wednesday, december 5th. welcome to "morning joe." live in the nation's capital. this is exciting. and you know, i said, let's do a show from washington, d.c., because they get so much stuff done there. it's like silicon valley. and going there when steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> washington is the place
the fiscal cliff comes. lawmakers now have less than a month to compromise and to avoid a year-end deadline that would trigger massive spending cuts and tax hikes for just about everybody. behind-the-scenes negotiations at a stalemate. both sides went public yesterday on the sunday morning shows to make their cases. treasury secretary tim geithner predicted republicans would eventually come around to accept a tax increase on the highest earners. >> you think we'll get a deal by the end of the year? >> i do. i do. the only thing standing in the way of that would be a refusal by republicans to accept that rates are going to have to go up on the wealthiest americans. and i don't really see them doing that. >> if the republicans say sorry, no way are we going to raise rates on the wealthy, you guys are willing to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in
for campaign style events on the fiscal cliff. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. so right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. >> speaker boehner said the president needs to get serious about what spending cuts he's willing to make. but that was news to senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him, okay? >> he's not alone. all this comes as treasury secretary tim geithner held separate meetings today with boehner, reid, nancy pelosi, and mitch mcconnell, and over at the white house spokesman jay carney said the debt ceiling should not be a pawn in any kind of fiscal gamesmanship. >> asking for a -- that a political price be paid in order for congress to do its job to ensure that the united states of america pays its bills and does not default for the first time in its history is deeply irresponsible.
back in place. it depends on how much you think going over the fiscal cliff will affect the economy. others say it will be devastating and others say it will be back. it depends on where you stand when you are making these sort of analyses. megyn: it feels like we are left with the economy -- with people's livelihoods and growth in the country and salaries and unemployment benefits. we are just left. both sides are accusing the other of being the untethered risk taker. last night speaker boehner made remarks demanding leadership on the president. here he is. >> this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adults leadership. megyn: is there a political risk to the president? is there a political risk to him in looking a little too bashful little too smart, as they say, when it comes to this game? >> sure, there are political risks all around for both sides. he saw the president today. he has been doing this and will be doing more of it. trying to clean outside game and put pressure on and make the public put pressure on members o
trail, about to speak to factory workers pennsylvania to sell his positions on taxes and a fiscal cliff deal. >> i also got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush and that's a good thing. these guys are santa's extra elves here. they manufacture almost 3,000 connect pieces every minute and every box that ends up on store shelves in 30 countries is stamped "made in america." that's something to be proud of [ applause ] by the way, i hope the camera folks had a chance to take a look at some of the kinex including that flag made out of kinex. joe biden was in costco, he wanted to buy some of this stuff but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. now, of course, santa delivers everywhere. i've been keeping my own naughty and nice list for washington. so you should keep your eye on who gets some kinex this year. there will be some members of congress who get them and some who don't. [ applause ] look, this is a wonderful time of year. it's been a few weeks si
-called fiscal cliff, whether it is political negotiating or posturing, every american stands to lose if top politicians can come up with a plan before the end of the year deadline. tahman bradley has latest from washington. >> reporter: fiscal cliff talks have hit a stalemate only 29 days to go, republicans and democrats remain far apart over the weekend there was worry negotiations might fail. >> i think we are going over the cliff, it is clear they've made a political calculation. >> reporter: president obama and his team are demanding that congress allow bush era tax cuts to expire. >> there is no responsible way we can govern this country with those low rates in place for future generations those rates have to go up. >> reporter: republicans have drawn a line in the sand on raising tax rates signaling they are open to raising revenue by reforming the tax code and limiting reductions for the wealthy. >> right now i would say we are nowhere. >> reporter: president obama asking for 1.6 trillion in new tax revenue over 10 years, boehner is offering half that. the president offering 600 bill
republicans on the so-called fiscal cliff. the president himself tweeted out plans for the q and a a short time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan agreement. the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2%. >> and there are just 29 days to go for the two parties to find some sort of middle ground, and joining me now from the white house nbc news correspondent kristen welker. what's the back story on this it twitter q and a for the president, which should start any minute now? >> reporter: that's right. this is part of president obama's full court press to get the public on board to pressure republicans to sign on to his plan to increase taxes for those making $250,000 or mor
creditors and there may be others in the pipeline. bill: negotiations on that fiscal cliff and his first one-on-one television interview since reelection president obama says he will only agree to a deal that raises tax rates on top earners. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. it's a simple proposition that you can't raise enough revenue and if you don't raise enough revenue through closing loopholes abductions, it's going to be middle class families that make up the difference. bill: john boehner will speak later this hour. we'll see how he responds to that comment. if washington can't get a deep, automatic tax increases and massive spending cuts do take effect. martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more ef
committee will be engaged in a hearing on fiscal cliff issues. we'll discuss strategies to create jobs, we'll discuss the implications of the fiscal cliff, and what happens if we don't get some work done by the house to pass the middle-income tax cut. we have to continue to focus on middle-income families, their lives, their struggles and what we can do to ensure they have more dollars in their pocket to continue economic growth. with that, mr. president, i will yield the floor. and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. schumer: mr. president? the presiding officer: the senator from new york. mr. schumer: i ask unanimous consent the quorum call be repealed. the presiding officer: without objection. mr. schumer: thank you, mr. president. first i want to thank my great colleague from pennsylvania, i enjoyed sharing a table last night with him and his beautiful, charming, intelligent wife, who he's lucky he would be the first to admit he's lucky to have married, and their four great girls. but second, thank him for his excellent, a
Search Results 0 to 23 of about 24 (some duplicates have been removed)